Patrick Macken - Oct 18, 2023 Form 4 Insider Report for Ribbon Communications Inc. (RBBN)

Role
EVP, CLO & Secretary
Signature
Patrick Macken
Stock symbol
RBBN
Transactions as of
Oct 18, 2023
Transactions value $
-$17,443
Form type
4
Date filed
10/23/2023, 08:36 AM
Previous filing
Sep 19, 2023
Next filing
Jan 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBBN Common Stock Options Exercise $0 +21.4K +12.64% $0.00 190K Oct 18, 2023 Direct F1
transaction RBBN Common Stock Tax liability -$17.4K -8.11K -4.26% $2.15 182K Oct 18, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RBBN Restricted Stock Units (RSUs) Options Exercise $0 -21.4K -25% $0.00 64.1K Oct 18, 2023 Common Stock 21.4K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert to Common Stock on a one-for-one basis.
F2 Reflects shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the RSUs.
F3 The RSUs vested as to one-third on April 18, 2023 and the remaining two-thirds of the RSUs vests in four equal semi-annual installments thereafter through April 18, 2025.